Northland Power Inc. (TSE:NPI - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.10 per share by the solar energy provider on Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, July 31st.
Northland Power Stock Performance
Shares of NPI stock traded down C$0.29 during midday trading on Friday, hitting C$22.35. 650,231 shares of the company were exchanged, compared to its average volume of 925,093. The firm has a market capitalization of C$5.86 billion, a P/E ratio of -40.95, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm's 50 day moving average price is C$21.97 and its two-hundred day moving average price is C$19.81. Northland Power has a 52 week low of C$16.14 and a 52 week high of C$24.25.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. National Bank Financial raised shares of Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. CIBC lifted their target price on shares of Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Cormark downgraded shares of Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Scotiabank upgraded shares of Northland Power from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$27.25.
Read Our Latest Research Report on Northland Power
Northland Power Company Profile
(
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Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.
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